Nicole Bremner

EP136 : Once again I'm joined by property expert Eyeedul Haque to discuss the recent data on the UK property market, with a focus on recent developments related to mortgage rates, inflation and property prices.We discuss: - Mortgage payments are set to increase by £500 for approximately 1m households.- The Bank of England's interest rate has reached a 15-year high at 5.25%.- Inflation stands at 8.7%, and the government aims to reach a 2% target.- Effectiveness of the monetary policy in dampening inflation, noting that it might be causing inflationary pressures.- Rental market is seeing significant rent increases due to rising costs in the economy.- Prediction that interest rates will likely hit 6% by the end of the year, with some sources suggesting rates may reach 6.5%.- Housing market is not experiencing a hard landing or freefall but rather a levelling off.-  Continued shortage of new homes.- New 100% mortgages aimed at first-time buyers suggest confidence.Key moments: 1:37- Nicole asks about the